The building of the Central Bank of the Russian Federation in MoscowMOSCOW, Feb. 27The introduction of sanctions by the United States on the Bank of Russia will become a negative precedent for other countries and an occasion for their Central Banks to think, as a result, this may start the process of destruction of the current global financial system, Alexander Losev, CEO of Sputnik Capital Management, told RIA Novosti. The European Union intends to «paralyze» assets of the Central Bank of Russia, the head of the European Commission Ursula von der Leyen said earlier in a video message. A US administration official told reporters that Washington expects that, having lost the support of the Central Bank of the Russian Federation, the Russian ruble will “fall into free fall.” “If the United States imposes sanctions against the Bank of Russia, it will create a powerful negative precedent for other countries and start the process of destroying the current the global financial system, which has worked for decades according to the same rules,” Losev said. He stressed that if such sanctions are introduced once, then central banks around the world will think. «This means the beginning of the end of the US Treasury market,» the expert noted, adding that against such a background it looks «like a bluff, more of a threat.» to $643.2 billion from $639.6 billion. The data on the share of currencies in the reserves of the Central Bank is disclosed with a lag of six months: as of June 30, the share of dollar assets in the total portfolio decreased over the year from 22.2% to 16.4%, while the share in euro increased from 29.5% to 32, 3%, yuan — from 12.2% to 13.1%, pounds sterling — from 5.9% to 6.5% and other currencies — from 7.2% to 10%. Russian President Vladimir Putin signed decrees on February 21 on the recognition of the Donetsk and Lugansk People's Republics, which declared their independence from Kyiv back in 2014, and on February 24, Russia launched a military operation to demilitarize Ukraine. In a televised address to fellow citizens, Putin said that circumstances “require decisive and immediate action,” as the Donbass republics asked for help. According to the Russian leader, the entire responsibility for the bloodshed will be on the conscience of the ruling regime in Ukraine. Earlier, Vladimir Zelensky offered to sit down at the negotiating table. Press Secretary of the President of the Russian Federation Dmitry Peskov said that Russia is ready to send its delegation to Minsk for negotiations with Ukraine. Later, Peskov said that the Ukrainian side announced a review of the idea of holding negotiations with the Russian Federation in Minsk, choosing Warsaw, and then generally «left the connection.» After the Kiev side refused to negotiate, all units received an order to develop an offensive in all directions in accordance with the plan of the operation, Major General Igor Konashenkov, spokesman for the Russian Defense Ministry, said.
